Dekpol SA (DEK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Dekpol SA PLN 184, price PLN 61.40, upside +200.0%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.
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Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland. The company constructs industrial, public utility, sports and recreational facilities; environmental protection facilities; sanitary, road and hydrotechnical works; produces buckets and integrated accessories for machines; and engages in sells of housing estates, single-family housing estates, luxury apartment buildings, condo and aparthotels as well as commercial and service areas. It also manufactures steel structures and equipment for construction machines. The company was founded in 1993 and is headquartered in Zblewo, Poland.
Stock analysis
Dekpol SA (DEK) currently trades at 61.40 PLN, while our model-based Fair Value estimate is 184.20 PLN, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 471.21 PLN per share, and 23 of the 26 models we run sit above the 61.40 PLN price.
Bear case: the Dividend Discount group reads lowest at 38.18 PLN, and 3 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 128.94 PLN (bear) to 239.46 PLN (bull), the price of 61.40 PLN sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Dekpol SA reported revenue of 1.9B PLN in FY2025 versus 1.3B PLN in FY2021, a compound +10.6%/yr. Reported net income was 104M PLN in FY2025, compounding +8.3%/yr from FY2021.
Key figures
Market cap 574M PLN (≈ $149M) · P/E ratio 5.9 · P/S ratio 0.33 · EPS (TTM) 10.44 PLN · Dividend yield 5.0% · Net margin 5.6% · Return on equity 12.5% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 200%, DEK screens cheaper than that median.
Fair Value models
Bear 128.94 PLNFair Value 184.20 PLNBull 239.46 PLN
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (7.67 PLN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.6%
Dividend (yield on the price)5.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15% vs 20%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 840 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets4% · Above median
Net margin (TTM)5% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth−23% · Bottom 25%
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity0.47× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dekpol SA Fair Value". https://www.fairvalue-calculator.com/stock/DEK
Frequently asked questions
Is Dekpol SA (DEK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 184.20 PLN versus a price of 61.40 PLN, about +200% upside (undervalued).
What is the fair value of DEK?
Our model-based fair value for Dekpol SA is 184.20 PLN (as of Sep 24, 2026), built from audited fundamentals. The current price: 61.40 PLN.
What is the quality score of DEK?
Dekpol SA has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dekpol SA (DEK)?
Our model-based price target is the fair value of 184.20 PLN (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 128.94 PLN, optimistic scenario 239.46 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Dekpol SA stock forecast for 2026?
Our models put fair value at 184.20 PLN, about +200% upside versus a price of 61.40 PLN (undervalued). Cautious scenario 128.94 PLN, optimistic scenario 239.46 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Dekpol SA (DEK)?
Dekpol SA reported trailing-twelve-month revenue of about 1.8B PLN (latest available figure, as of Sep 24, 2026).
Does Dekpol SA pay a dividend?
Dekpol SA currently shows a dividend yield of about 5.03% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Dekpol SA (DEK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dekpol SA it is 184.20 PLN per share (as of Sep 24, 2026), against a price of 61.40 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Dekpol SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DEK trades below its calculated fair value: price 61.40 PLN, fair value 184.20 PLN, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DEK?
No. The price is what the market pays today (61.40 PLN); the fair value is what the company's own numbers justify (184.20 PLN). For Dekpol SA the two are 122.80 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Dekpol SA worth?
The market values Dekpol SA at about 574M PLN (market capitalisation, as of Sep 24, 2026). Per share that is 61.40 PLN; our models calculate a fair value of 184.20 PLN per share.
What do the bullish and bearish scenarios say about DEK?
Our models span a range for Dekpol SA: cautious scenario 128.94 PLN, base 184.20 PLN, optimistic 239.46 PLN per share (as of Sep 24, 2026, price 61.40 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEK?
Dekpol SA trades at a price-to-earnings ratio of 5.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 184.20 PLN is built from several models across several years. Other multiples: P/B 0.2, P/S 0.1, EV/EBITDA 0.6.
How solid is the balance sheet of Dekpol SA (DEK)?
Balance-sheet figures for Dekpol SA (as of Sep 24, 2026): return on equity 12.5%, debt of 0.47 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is DEK from its 52-week high?
Dekpol SA trades at 61.40 PLN, about 35% below its 52-week high of 94.11 PLN and at the low of 61.40 PLN (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 184.20 PLN is for.
Which stocks are comparable to Dekpol SA?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dekpol SA stock attractive at the current price?
The data as of Sep 24, 2026: price 61.40 PLN, calculated fair value 184.20 PLN (+200%), Quality Score 64/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DEK calculated?
We run Dekpol SA through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 184.20 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Dekpol SA currently trades 200 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dekpol SA (DEK)?
The closing price on Sep 24, 2026 was 61.40 PLN. Our model-based fair value is 184.20 PLN, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dekpol SA right now?
The price is below even our cautious bear case (128.94 PLN). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (128.94 PLN to 239.46 PLN) leaves room in how you read the outcome.
Where does the earnings growth of Dekpol SA (DEK) come from?
Earnings per share at Dekpol SA grew +20.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +21.8 %, EBIT margin −0.8 %, tax rate −1.1 %, residual (interest, one-offs) +1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Dekpol SA
How large is the market capitalisation of Dekpol SA (DEK)?
The market capitalisation of Dekpol SA is 574M PLN (≈ $149M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dekpol SA (DEK)?
The price-to-sales ratio of Dekpol SA is 0.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dekpol SA (DEK)?
Earnings per share at Dekpol SA are 10.44 PLN (price ÷ EPS = P/E 5.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dekpol SA (DEK)?
The dividend yield of Dekpol SA is 5.0% (payout 29.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dekpol SA (DEK)?
The net margin of Dekpol SA is 5.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dekpol SA (DEK)?
The return on equity (ROE) of Dekpol SA is 12.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dekpol SA (DEK)?
On an EBIT basis the return on assets of Dekpol SA is 8.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dekpol SA (DEK)?
The operating margin of Dekpol SA is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dekpol SA (DEK)?
Revenue at Dekpol SA is growing −23.1% versus a year earlier (3y avg +10.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dekpol SA (DEK)?
Earnings per share at Dekpol SA are growing −56.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Dekpol SA (DEK) generate?
The free cash flow of Dekpol SA is 267M PLN (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Dekpol SA (DEK) carry?
The net debt of Dekpol SA is 27.2M PLN (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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